Optimal Population Without Repugnant Aspects
This paper addresses the issue of optimal population with two concerns: avoiding both the absolute repugnant solution that amounts to giving to an infinite number an infinitesimal amount and the marginal repugnant solution in which equilibrium consumption decreases with income. To avoid these two solutions, we introduce a critical level of utility that depends on individual's marginal income.
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|Date of creation:||1996|
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